Greene County Bancorp (NASDAQ:GCBC) Cut to Sell at StockNews.com

Greene County Bancorp (NASDAQ:GCBC – Get Rating) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Greene County Bancorp Stock Performance

Shares of NASDAQ:GCBC opened at $22.61 on Tuesday. Greene County Bancorp has a 52-week low of $17.50 and a 52-week high of $39.90. The company has a market capitalization of $385.05 million, a P/E ratio of 12.32 and a beta of 0.25. The company has a 50-day simple moving average of $25.25 and a 200 day simple moving average of $29.32.

Greene County Bancorp (NASDAQ:GCBC – Get Rating) last issued its quarterly earnings data on Thursday, April 20th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 18.75% and a net margin of 34.62%. The company had revenue of $18.29 million during the quarter.

Insider Transactions at Greene County Bancorp

In related news, Director Jay P. Cahalan purchased 1,440 shares of the stock in a transaction dated Tuesday, February 28th. The stock was bought at an average cost of $28.48 per share, for a total transaction of $41,004.00. Following the completion of the acquisition, the director now owns 27,380 shares of the company’s stock, valued at $779,645.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Jay P. Cahalan purchased 1,440 shares of the stock in a transaction dated Tuesday, February 28th. The stock was bought at an average cost of $28.48 per share, for a total transaction of $41,004.00. Following the completion of the acquisition, the director now owns 27,380 shares of the company’s stock, valued at $779,645.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tejraj S. Hada acquired 2,000 shares of Greene County Bancorp stock in a transaction that occurred on Monday, May 8th. The stock was acquired at an average cost of $18.20 per share, for a total transaction of $36,400.00. Following the purchase, the director now owns 5,546 shares of the company’s stock, valued at $100,937.20. The disclosure for this purchase can be found here. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Greene County Bancorp

A number of institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Greene County Bancorp by 185.6% during the first quarter. JPMorgan Chase & Co. now owns 5,584 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 3,629 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Greene County Bancorp by 100.0% during the 1st quarter. New York State Common Retirement Fund now owns 4,858 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,429 shares in the last quarter. State Street Corp boosted its position in shares of Greene County Bancorp by 102.3% during the 1st quarter. State Street Corp now owns 91,400 shares of the real estate investment trust’s stock worth $2,073,000 after purchasing an additional 46,227 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Greene County Bancorp by 107.6% during the 1st quarter. Geode Capital Management LLC now owns 134,182 shares of the real estate investment trust’s stock worth $3,043,000 after purchasing an additional 69,547 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Greene County Bancorp by 183.3% during the 1st quarter. Deutsche Bank AG now owns 4,408 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 2,852 shares in the last quarter. Institutional investors own 12.98% of the company’s stock.

About Greene County Bancorp

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Greene County Bancorp, Inc operates as a bank holding company for Bank of Greene County. Its services include personal banking, checking accounts, savings accounts, loans, commercial lending, business accounts, municipal banking services and investment services. The company was founded in December 1998 and is headquartered in Catskill, NY.